Tax on accreted income applies when a specified person merges with other entities, using the merger date as the tax date. The amendment to section 352 substitutes serial number 8 to impose tax on accreted income where a specified person merges with (a) an entity other than a registered non-profit organisation, (b) a registered non-profit organisation with purportedly similar objects but where prescribed conditions are unmet, or (c) a registered non-profit organisation without similar objects, with the date of merger as the operative date for tax.